FOREX

Visible Articles 5 10 15
Naira rises to N1,620/$ in parallel market

Naira rises to N1,620/$ in parallel market

By Elizabeth Adegbesan THE naira yesterday appreciated to N1, 620 per dollar in the parallel market from N1,625 per dollar on Monday. But the Naira depreciated to N1,598.69 per dollar in the Nigerian Foreign Exchange Market (NFEM), Data published by FMDQ showed that the exchange rate for the naira rose slightly to N1,598.69 per dollar […]

75% of goods from Benin ports bound for Nigeria — Reps Speaker

75% of goods from Benin ports bound for Nigeria — Reps Speaker

•Vows to back reforms to simplify trade regulations By Yinka Kolawole The Speaker, House of Representatives, Tajudeen Abbas, has said that more than  75 percent of goods offloaded in the Benin Republic ports are bound for Nigeria, blaming inefficiencies and high costs at Nigerian ports. Abbas stated this when he received a delegation from the Presidential […]

Naira depreciates to N1,635/$ in parallel market

Naira depreciates to N1,635/$ in parallel market

By Elizabeth Adegbesan The naira yesterday depreciated to N1, 635 per dollar in the parallel market from N1,625 per dollar on Tuesday. The Naira has recorded a 1.8 percent or N29 depreciation in the parallel market from the beginning of this month till date. However, the Naira appreciated to N1,596 per dollar in the Nigerian […]

Naira-for-crude deal continues, says FG

Naira-for-crude deal continues, says FG

According to the ministry, the stakeholders reaffirmed the government’s continued commitment to the full implementation of this strategic initiative, as directed by the Federal Executive Council (FEC).